Is Orange County still renting out the apartments via room rentals? How are they counting that in the stats? I mean this is not a bad idea for the students going to a university but for grown adults yuk.

1:36 am August 3, 2011

Some revenge wrote:

Consider the renter who couldnt afford to buy a home in Caifornia all these years and was living in rental homes has been thoroughly screwed this year. This is the year when a seasoned renter should look at simply buying ones own apartment, if the rent covers the mortgage. The property taxes and the mortgage deduction should even out. I am just waiting for the day when all the folks that are moving out of their foreclosed homes and moving into rental properties begin trashing rental properties. Mind you these people had no qualms about trashing their credit history with the foreclosure, they arent perturbed about unpaid bills for damage to rental properties being sent to collection agency. THAT will be sweet revenge for tenants like me for being shafted with high rents.

5:40 am August 3, 2011

DR.VEGAS wrote:

It won't last.People who could'nt swing a mortgage won't be able to pay mortgage-like rents.

10:29 am August 3, 2011

Indeed, some revenge wrote:

To get your appartments stuck with deadbeat loosers who were previously foreclosed and evicted. What a premuim selection of tenants, just wow! Such an epic win!

10:42 am August 3, 2011

Anonymous wrote:

As an Atlanta resident who can't sell his townhouse any time soon without a significant loss, there is some comfort in knowing I can cover my mortgage with renters and still purchase a home while prices are down.

12:27 pm August 3, 2011

Michael K. wrote:

I'm a small landlord/investor in Maryland. Situation will continue to favor landlords until the lending climate changes. These days, you still need to have credit scores 750+ and 20% down to even have a chance of getting property. For many of those who are renting, it will take them YEARS to save up that kind of down payments.

4:02 pm August 3, 2011

mistaken borower wrote:

. . . . this all sounds so positive . . . . . "sweet revenge for landlords" . . . . . sweet revenge for what ? that rentals will be rented out ? . . . . . just yesterday it was a question of the US defaulting on its debt and there is an increase in tenants renting ? . . . . . still purchase a home while prices are down ? . . . . home prices have at least another 30% to go down . . . and then some more . . . . .

6:18 pm August 3, 2011

Connie Vitucci wrote:

Keep in mind that average apartment rents lost considerable ground over the past few years, and it is just now that markets are seeing rent levels on par with those seen in late 2008, according to Reis, Inc. data. And given the dearth of rental construction (just over 40,000 new units are expected this year, the lowest annual delivery reported by Reis since at least 1999) and the increase in rental demand that’s taking place (74 of the top 82 Reis apartment metros saw tighter market conditions this past quarter), further rent increases are likely on the way—at least for a while. However, Reis notes that multifamily construction-financing applications are already reported to be surging, which would translate into more supply, and possibly some rental relief for tenants, down the road.

For more apartment, retail, and office property insights in 200 metro areas and 1,800 submarkets/neighborhoods nationwide, go to ReisReports.com.

Connie Vitucci
ReisReports.com

8:10 am August 4, 2011

Sam wrote:

how can you sleep at night with all of these false lies ? oh that is right you are a sociopath, got it

9:09 am August 4, 2011

Head ache wrote:

I'm struggling with the cognitive dissonance of someone whose website boasts of them being "clearly objective", but yet they are in here posting self-promoting spam...

1:23 pm August 4, 2011

Renter wrote:

Renters and savers made to pay again and again for the crimes of the borrowers and spenders. All this propery-owner favoritism has to end because it is distorting our economy byeond reason. Government intervention in housing has meant that instead of renting three bedroom houses in the suburbs we renters are forced to made do with one bedroom apartments in the city. And the evil landlords (seeking revenge for some perenially unknown slight) benefit and are victorious.

1:34 pm August 4, 2011

David S wrote:

From my perspective, my renter is barely covering 50% of the cost on my underwater condo. Wasn't their fault I got caught in the wave, but as the pendulum finally begins a move back from that hellish correction, don't expect a lot of sympathy. A 5% hike is pretty reasonable, but hey, feel free to explore your options. If you do decide to leave, the rent would go up more like 20% and it would be filled pretty quickly.

1:55 pm August 8, 2011

Alternative View wrote:

This article presents only the class A side of the picture that most publicly traded apartment REITs are involved. What about declining revenues and increasing operating expenses in the class B, C, and D apartment facilities?

Class A properties are first in line for many relinquishing home ownership status. This is not reflective of the overall apartment sector performance which continues to suffer in the wake of the credit crisis and continued unemployment problem.

1:56 pm August 8, 2011

Mark Lester wrote:

This article presents only the class A side of the picture that most publicly traded apartment REITs are involved. What about declining revenues and increasing operating expenses in the class B, C, and D apartment facilities?

Class A properties are first in line for many relinquishing home ownership status. This is not reflective of the overall apartment sector performance which continues to suffer in the wake of the credit crisis and continued unemployment problem.

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